At the time of writing today's GBPUSD news, the forex pair is at 1.3749. GBPUSD managed to bounce from 1.3700 to 1.3753 with investors moving away from the US dollar. Concerns about the increasing Delta variant of COVID19 and anxiety ahead of the Fed's Jackson Hole symposium have caused investors to hold back from buying the pound sterling. The US dollar is currently under pressure, this is due to two things, namely profit taking and signs that the Delta variant of COVID19 is peaking. The rate of transmission has weakened to 28% and this has had a very positive impact on the economy. The US Congress, which is majority Democrat, on Tuesday approved a $1 trillion Infrastructure Spending Act. This also served as a driver of increased risk appetite in the middle of this week and managed to push the US dollar down and boost GBPUSD. In the UK, the pound is still struggling with Markit's Services PMI for August still disappointing, coupled with COVID19 cases remaining high, so there is no positive boost for sterling in conditions like this. Overall, GBPUSD's rise is struggling to continue higher. Nearest support awaits at 1.3705 which, if successfully passed, will continue to 1.3660 and then 1.3600. Nearest resistance awaits at 1.3785 which, if successfully passed, will continue to 1.3835 and then 1.3880. That's the GBPUSD news today. Are you a beginner trader or a trader who wants to continue to hone your trading skills to be able to continue to profit consistently? You can join the GIC Academy class. GIC Academy is a trading education forum for traders at beginner and professional levels so that traders become more adept at making a profit. This education can be in the form of webinars, e-books, or videos. There are many classes that you can take for free if you become a trader at GIC. Let's take a peek at the GIC class!